IKEA Partner Buys More Timberland
Ingka Group, a major franchise partner in the IKEA system, operating 380 IKEA stores in 31 countries, has acquired nearly 11,000 acres located in southeast Georgia near the Altamaha River Basin from The Conservation Fund.
Ingka Group, based in the Netherlands, now owns 136,000 acres in five states—Georgia, South Carolina, Alabama, Texas and Oklahoma, and owns a total of 613,000 acres worldwide, including the U.S. and Europe.
Ingka Group’s forest management is audited by the Forest Stewardship Council. Between September 2019 and August 2020 Ingka Group planted 600,000 seedlings in the U.S. and close to 7 million seedlings worldwide.
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Georgia’s Timbervest Adds Over 13,000 Acres Of Timberland
Timbervest LLC acquired 13,220 acres of timberland in Georgia, Tennessee and Vermont. The Atlanta-based timber-related asset and investment manager said the land will be part of its $400 million commingled Timbervest Partners III LP investment fund (TVP III). Some...
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